Carrefour’s second shopping trip of the year worth the wait

On Monday, French supermarkets group Carrefour made its second visit to the corporate bond market of 2018, once again in the wake of a period of volatility. However, the company’s timing proved to be good as it was able to tighten pricing 15bp from initial price thoughts.

By Nigel Owen

26 Nov 2018

Carrefour had not sold a public corporate bond deal for two years before it issued a €500m five year note in June. But it returned on Monday to extend its curve with another €500m deal with a
...